A 50-unit affordable housing portion of sustainable housing development in Ann Arbor on Platt Road, The Grove at Veridian, has received $1.5 million in tax credits.

Eligible families can receive up to $3,600 for every child 5 or younger and $3,000 for any child between the ages of 6-17.

Here’s what you should know about the child tax credit. Watch the video above. Resources:More: Money Monday section

DETROIT – State Rep. Robert Wittenberg, introduced Thursday two House Bills that would create new tax credits for media production in Michigan. House Bills 6504 and 6505 would create a two-tiered tax credit that provides incentives for Michigan-produced commercials as well as film, television and streaming productions. “This is about Michigan jobs,” Wittenberg said. The House Bills would create similar incentives to the Michigan Film and Digital Media Incentive, which was signed into law in 2008 by then-Gov. More information on the potential benefits of a new Michigan film tax credit can be found on the Michigan Film Industry Association’s official website here.